Understanding Scholarships, Grants and Loans for International Students

Studying abroad is a difficult task and a dream for every scholar’s. The problem is that most people can’t afford the cost of studying in developed countries, especially if you come from a developing country. When I first heard about tuition at some European universities, I almost had a heart attack. For most people, if you don’t have the scholarship to support you, studying abroad is just a dream that needs a miracle to come true.


China and India are known to be at the top of the countries with the highest number of undergraduates studying outside their countries. Nigeria has managed to meet the top 10 rankings. Vietnam has almost doubled its number from 54,000 to 95,000 in the last 5 years.


The good news now is that institutions, companies, associations, NGOs, universities and colleges offer students discount opportunities to encourage them to study in their country. These discounts can be scholarships (fully or partially paid), grants, student loans, prizes and more.


Fully funded scholarships usually cover the cost of living, tuition, and most of the travel expenses for your program abroad. 


Here I will give you everything you need to study abroad through a scholarship.



A scholarship is an amount of money provided by a school, college, university, or other organization to pay for a person’s education. A grant is a necessary financial aid offered to students who are unable to pay the costs. Meanwhile, the loan is a financial aid offered to students who are unable to pay fees but are willing to pay.


You can apply for a scholarship, grant, or loan when you meet the request and deadline. These requirements are usually stated in the note.


 If you are an international student applying for scholarships abroad, follow these steps:


  1. Sign up for a scholarship, usually by filling out an online application form.


  1. Check your inbox to make sure you’ve received a confirmation email.


  1. Write a personal statement or essay. There are many models on the Internet, but don’t forget to be original and amazed by your unique experiences and ideas.


  1. Get official proof of your academic, sports or artistic achievements. Translate documents as needed – usually.


  1. Or get official proof of your low income or nationality (for regional scholarships). The translation may also be required.


  1. Check all documents for errors and send them to the scholarship provider.


  1. Send an admission letter to the university (as an official university document confirming that you have been accepted). You will not receive scholarships without confirmation that you will actually start studying.


  1. Wait for the results. If you are selected, congratulations, you are the winner! Go ahead and party, but don’t spend all your money on this scholarship. I’m kidding; the university or college usually receives the money directly to cover your lesson (or part of it).




In conclusion, scholarships are financial supports that you only pay for being the best of yourself in your life. They are the same as grants, but very different from loans. If you are eligible for the requirement of the application, you have a long chance of gaining the admission.

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